Jones Day and Allen & Overy landed the lead roles in the tie-up between the billionaire U.S. investor Wilbur Ross and Richard Branson’s Virgin Money, a deal that was expected to be officially announced on Tuesday, according to lawyers who worked on the deal.
Ross, a regular Jones Day client, has already agreed to invest about $150 million in Virgin Money, a subsidiary of Branson’s larger Virgin Group that is focused on consumer credit, according to Reuters and The Wall Street Journal.
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